Monday, April 20, 2015

Migrant Remittances might slow in 2015, says World Bank

The World Bank says that over 215 million people are migrants to other countries.  A weak Europe , the fall of the euro and the ruble might slow the remittances, the Bank cautions.


Total Remittances touched $ 583 billion in 2014. The largest recipients were India ($70 billion), China ($ 64 billion) and the Philippines ($ 28 billion)


http://www.worldbank.org/en/news/press-release/2015/04/13/remittances-growth-to-slow-sharply-in-2015-as-europe-and-russia-stay-weak-pick-up-expected-next-year

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